Getting an SBA Loan for Store Retailers

Looking for commercial loans for store retailers? Talk to a banker who works with the SBA. This $98,000 store retailers loan was issued by a Kansas bank.

Getting a small business loan in Mcpherson, Kansas was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from The State Bank Of Canton, operating out of Canton, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
MCPHERSON, KS 67460

SBA Loan Lender

THE STATE BANK OF CANTON
103 S MAIN ST
CANTON, KS 67428

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

2/2/2006

Loan Approval Gross Amount

$98,000

Loan Approval from the SBA

Of the total $98,000 loan amount, the SBA guaranteed $83,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Business Credit Evaluation

Good Banks for Small Business in Canton, Kansas

SBA Kansas Banks